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NYSE · Real estateAmerican Tower Corp (AMT)
American Tower Corp brought in $10.9B of revenue over the twelve months to June 30, 2026, up 6.6% from a year earlier. Net income was $3.4B, a net margin of 31.1%. Operating cash flow minus capital spending left $3.8B of free cash flow in fiscal 2025. At June 30, 2026 it held $1.8B in cash against $5.2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about American Tower Corp
- Net worth
- American Tower Corp has a market value (market cap) of $83.6B at the latest share price, and shareholders' equity of $3.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $10.6B (+5.1% year on year), with net income of $2.5B. Over the 12 months to June 30, 2026: revenue $10.9B, net income $3.4B.
- Cash flow
- In fiscal 2025 operations brought in $5.5B of cash; after $1.7B of capital spending, free cash flow was $3.8B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- American Tower Corp's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- American Tower Corp declared dividends of $6.72 per share in fiscal 2025, a yield of 3.75% at the current price.
What American Tower Corp does
American Tower owns, operates, and develops multitenant communications real estate, primarily wireless cellular towers, broadcast towers, and data centers. The company leases antenna space on its towers to wireless service providers, radio and television broadcast companies, and government agencies. Its shares trade on NYSE under the ticker AMT.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $10.6B | $2.5B | $5.40 | $3.8B |
| 2024 | $10.1B | $2.3B | $4.82 | $3.7B |
| 2023 | $10B | $1.5B | $3.18 | $2.9B |
| 2022 | $9.6B | $1.8B | $3.82 | $1.8B |
| 2021 | $9.4B | $2.6B | $5.66 | $3.4B |
| 2020 | $8B | $1.7B | $3.79 | $2.8B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AMT ranks in Real estate
Dividends
American Tower Corp declared $6.72 per share in fiscal 2025. At the current price that is a yield of 3.75%. It paid out $3.2B in cash dividends, 126% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $6.72 | $3.2B | 126% |
| 2024 | $6.56 | $3B | 134% |
| 2023 | $6.31 | $3B | 203% |
| 2022 | $4.30 | $2.7B | 154% |
| 2021 | n/a | $2.3B | 88% |
| 2020 | n/a | $1.9B | 114% |
Latest SEC filings
What American Tower Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 18, 2026Executive or director change8-KAmerican Tower elected Kristen M. Ludgate to its Board of Directors and declared a quarterly cash distribution of $1.79 per share.
- September 14, 2026Material agreement8-KAmerican Tower Corporation completed a public offering of senior unsecured notes generating approximately $1,579.9 million in aggregate net proceeds.
- September 9, 2026Other event 8-K
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4.7% to $2.7B versus the same quarter last year; diluted EPS $1.86 versus $0.78.
- July 28, 2026
- June 4, 2026Other event 8-K
- June 2, 2026Other event 8-K
- May 27, 2026
- May 26, 2026
- May 22, 2026Delisting notice 25-NSE
What is AMT worth? A DCF from its reported cash flow
Insider trades
What the people running American Tower Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $500.7K and sold $1.2M worth of shares in the last 90 days. 26% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Blanchett PaulSVP & Chief Accounting Officer | Received as pay | 16,299 | - |
| August 21, 2026 | Kalathur RajeshDirector | Bought | 2,829 | $500.7K |
| July 29, 2026 | Meyer Robert JosephSVP & Advisor to the CFO | Sold | 5,000 | $894.4K |
| July 29, 2026 | Dowling Ruth TEVP, Chief Admin Ofr, GC & Sec | Soldpre-planned (10b5-1) | 1,106 | $193.5K |
| July 28, 2026 | Dowling Ruth TEVP, Chief Admin Ofr, GC & Sec | Soldpre-planned (10b5-1) | 685 | $116.1K |
| June 1, 2026 | Meyer Robert JosephSVP & Advisor to the CFO | Shares withheld for tax | 153 | $28.7K |
| May 28, 2026 | Reeve Pamela D ADirector | Gave as a gift | 810 | - |
| April 29, 2026 | Dowling Ruth TEVP, Chief Admin Ofr, GC & Sec | Soldpre-planned (10b5-1) | 416 | $73.9K |
Who owns AMT
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.56% | April 29, 2026 |
| Vanguard Portfolio Management13G, passive | 5.94% | April 28, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,748 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 45,796,561 | +842,424 |
| Vanguard Capital Management LLC | 30,437,771 | +75,391 |
| Vanguard Portfolio Management LLC | 27,851,812 | +255,653 |
| State Street Corp | 22,066,202 | +631,593 |
| Geode Capital Management, LLC | 13,838,970 | -94,658 |
| Fmr LLC | 11,376,427 | +59,379 |
| Morgan Stanley | 9,610,971 | +27,048 |
| Jpmorgan Chase & Co | 8,853,450 | -6,274,917 |
| Lazard Asset Management LLC | 8,403,123 | +1,077,180 |
| Invesco Ltd. | 7,068,996 | -206,234 |
| Deutsche Bank AG\ | 6,701,631 | -1,067,722 |
| Capital World Investors | 6,554,891 | +887,003 |
| Norges Bank | 6,366,685 | new |
| Dimensional Fund Advisors LP | 5,875,655 | +64,614 |
| Principal Financial Group Inc | 5,742,438 | -172,153 |
| Charles Schwab Investment Management Inc | 5,607,388 | +367,100 |
| Northern Trust Corp | 5,023,525 | -316,209 |
| Goldman Sachs Group Inc | 4,958,386 | +260,993 |
| Legal & General Group Plc | 4,853,850 | +27,929 |
| Arrowstreet Capital, Limited Partnership | 4,603,218 | +407,240 |
Insiders
19 insiders reported holding 442,225 shares in total, about $79.3M at the last price.
| Holder | Shares |
|---|---|
| Vondran Steven OPresident and CEO, Director | 108,902 |
| Smith Rodney MEVP, CFO & Treasurer | 92,542 |
| Noel Eugene MEVP & Chief Operating Officer | 34,542 |
| Font JuanSVP, Pres. & CEO, CoreSite | 28,352 |
| Dowling Ruth TEVP, Chief Admin Ofr, GC & Sec | 27,711 |
| Meyer Robert JosephSVP & Advisor to the CFO | 21,428 |
| Reeve Pamela D ADirector | 21,089 |
| Rossi Richard CEVP & President, U.S. Tower | 17,518 |
| Blanchett PaulSVP & Chief Accounting Officer | 16,299 |
| Macnab CraigDirector | 15,315 |
Questions about AMT
What does American Tower Corp do?
American Tower owns, operates, and develops multitenant communications real estate, primarily wireless cellular towers, broadcast towers, and data centers. The company leases antenna space on its towers to wireless service providers, radio and television broadcast companies, and government agencies. Its shares trade on NYSE under the ticker AMT.
What is American Tower Corp's net worth?
American Tower Corp has a market value (market cap) of $83.6B at the latest share price, and shareholders' equity of $3.7B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is American Tower Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $3.4B on revenue of $10.9B, a net margin of 31.1%.
How much revenue does American Tower Corp make?
Over the twelve months to June 30, 2026 American Tower Corp reported revenue of $10.9B. That is 6.6% more than a year earlier.
When did American Tower Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 5, 2026.
When is American Tower Corp's next earnings report?
American Tower Corp's next report is expected around October 27, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does American Tower Corp pay a dividend?
Yes. American Tower Corp declared dividends of $6.72 per share in fiscal 2025, a yield of 3.75% at the current price.
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Where the numbers come from
Financial figures are the values American Tower Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.